Yesterday
Why CBA’s AI future needs more reimagining
A US trip left CBA chief executive Matt Comyn with questions to which he doesn’t have all the answers. It’s a common theme across the Australian business world.
- Paul Smith
May
ChatPwC v KPMG KymChat: Consultants race is on after ‘world’s biggest’ AI deal
The US and UK arms of consulting giant PwC have become the biggest direct corporate client of OpenAI, announcing a deal to use and resell the AI firm’s tools.
- Paul Smith and Edmund Tadros
Why dads take less time off than mums
Gender stereotypes are discouraging men from taking paid parental leave, a survey has found, making it harder for Australia to close the gender pay gap.
- Euan Black
- Exclusive
- Defamation
Former PwC partner sues firm for allegedly linking him to tax scandal
Richard Gregg alleges people have shunned and avoided him because of an implication by PwC that he was involved in the tax leaks scandal, when he was not.
- Updated
- Max Mason
Don’t believe the banks, mortgage brokers are a good deal: Jefferies
Jefferies analyst Matthew Wilson argued that “the proverbial genie was let out of the bottle” and “we doubt banks can successfully in-source this craft”.
- Lucas Baird
Key clients desert PwC China as big four rivals circle
The accounting firm is under a cloud over audits of the distressed property developer Evergrande, and it faces severe penalties.
- Cheng Leng and Chan Ho-him
Payroll tax for big four partner profits, inquiry urges
A NSW upper house inquiry into consultants has called for a radical reshaping of the taxation and oversight of the major consulting firms.
- Maxim Shanahan and Edmund Tadros
Allegro circles Fletcher’s Tradelink; looks to NZ growth with key appt
Averill’s new commission is understood to be separate from Allegro’s Tradelink move, but under its banner, he will be tasked with beefing up the firm’s presence in the region.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Winners and losers emerge as News Corp’s major restructure takes shape
Nicholas Gray appears to have prevailed over Edwina McCann, the influential editor-in-chief of Vogue Australia who had been elevated to be editorial director of News Prestige
- Max Mason
Minters picks up seven partners in PwC raid
MinterEllison is set to hire seven consulting partners from PwC in the largest single raid on the big four consulting firm since the tax leaks scandal.
- Maxim Shanahan
PwC braces for China crisis and a hefty fine
PwC’s role in approving accounts for troubled property developer Evergrande has led to infighting at the big four firm as clients reconsider their relationship.
- Stephen Foley, Sun Yu and Cheng Leng
Cost-cutting advisers the bright spot in professional services
Advisers are being increasingly asked to conduct cost-cutting programs, from upskilling and reducing staff numbers to digitisation and automation.
- Edmund Tadros
Auditors failed to raise alarm before 75pc of UK corporate collapses
Audit firms failed to raise the alarm before three-quarters of big UK corporate collapses since 2010, raising concerns they are failing to perform one of their core functions.
- Simon Foy
Defence tries its hand at consulting as Labor keeps heat on big firms
The government will also conduct a second audit of public sector employment to track the progress on reducing its reliance on external advice.
- Maxim Shanahan
PwC elevates tax and legal into its service line
The new model will also bring together the firm’s deals and private advisory professionals and its consultants into a renamed “advisory” service.
- Edmund Tadros
- Exclusive
- Luxury property
Retiring Reece chair lists $12m family mansion in South Yarra
Melbourne-based Reece chair Tim Poole and his wife Jane have listed their South Yarra home, Atherley, after 24 years owning the Italianate mansion.
- Bonnie Campbell
Global push to get tax advisers to think ethically
New rules have been agreed to help restore trust in a profession battered by wrongdoing, including the PwC tax leaks scandal.
- Edmund Tadros
Why so many top executives start in accounting, consulting
BOSS delves into the career paths of the senior executives at Australia’s 20 biggest companies to discover where they started – and the critical skills and experience they gained.
- Sally Patten
- Exclusive
- Luxury property
Cotton On CFO lists Melbourne mansion with a contemporary twist
Cotton On CFO Michael Hardwick and his wife Diana have put their Melbourne mansion on the market guiding up to $13.75m after a major renovation.
- Bonnie Campbell
PwC’s failed complaint over professor’s spicy LinkedIn posts
Andy Schmulow’s more polite jibes included calling PwC “a cancer” on society, “thugs in suits”, and a “parasite”. PwC reckons it’s all beyond the pale.
- Updated
- Myriam Robin
